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US could end up with three retailers — Amazon, Walmart, Costco

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CNBC’s Jim Cramer said Friday he fears that the coronavirus-driven halt in the economy could leave the U.S. with only three retailers after the crisis ends.

“If we come out of this sooner, then other, small businesses can open. If we come out of this later, there are going to be three retailers in this country,” the “Mad Money” host said. “There’s going to be Amazon. There’s going to be Walmart. And there’s going to be Costco.”

“That is something that the government cannot afford to have happen,” he said on “Squawk on the Street.”

Cramer pondered the possibility of the already dominant Amazon-Walmart-Costco trifecta being the only games in town. “If it comes out that those are the three,…



Source cnbc.com

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